Defines acceptable consolidated financial statements and alternatives where statements are not prepared or do not follow an acceptable standard, including material competitive distortions.
What should you do now?Identify the reference statements, standard and material differences and retain a clear bridge to return figures.
What does the official Article provide?
The official source is Arabic. This English commentary is explanatory and is not presented as an official translation.
Defines acceptable consolidated financial statements and alternatives where statements are not prepared or do not follow an acceptable standard, including material competitive distortions.
This is a verified summary, not a substitute quotation. The complete official Arabic text is linked below and must be read with the Regulations and later decisions for a final decision.
What does the Article mean in plain language?
The statements and accounting standard determine scope and computation inputs. Hypothetical statements or adjustments may be required rather than using available but non-compliant figures.
The filing constituent entity, compliance and finance teams and Bahrain group members.
Identify the reference statements, standard and material differences and retain a clear bridge to return figures.
Switching between local and consolidated statements or accounting standards without a documented bridge.
Related Articles
Before relying on the result
Is the Article enough on its own?
Usually not. The Decree-Law states the rule, the Regulations detail the computation or procedure and guidance explains application. Use all three for an obligation, amount or deadline.
Are OECD materials binding by themselves?
Not every international document is Bahrain legislation by itself. It is used within the Law's referrals or a competent adoption instrument, while current Bahrain legislation and decisions remain controlling.